Italian luxury shoes, leather goods and apparel group, Tod’s S.P.A. has reported strong financial results for the second quarter of 2005. Consolidated turnover increased 21.8% to €236.8 million compared with the same period in 2004, which was largely attributed to a 33% rise in leather goods sales. But footwear sales also increased by 19.4% and apparel rose 15.9%

All of the group’s brands achieved positive results. Tod’s revenues grew by 23.3%; and Hogan and Fay sales rose by 21.3% and 15.5% respectively.

As of June 30, 2005, Tod’s represented 60.2% of consolidated sales, Hogan represented 25.7% and Fay 11.6%.

Diego Della Valle, chairman and CEO of the group, commented: “I’m extremely satisfied by these results that confirm a solid, consistent growth of the group. This performance is based on the success of all our brands in all product categories, highly appreciated by customers in all markets. These results, together with a healthy start of our winter collections in the stores, make me fully confident to achieve our targets for this year.”